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<p>[QUOTE=&quot;jmccarty, post: 2194583, member: 74979&quot;]Very interesting article from 2011 and his prophecy has become reality. Another interesting point to note about middle-east oil - is that the US has purchased less than 10% of what was produced between 1976 and 2010 and spent US$8 trillion in defense budget protecting the Strait of Hormuz during that time.</p><p><br /></p><p>The United States and The United Kingdom in particular finance the security of Persian Gulf oil that goes to the countries that in the past 40 years have taken much of the manufacturing capability away from Anglo-American shores, and built economic power houses that now surpass both of the former.&nbsp; This in terms of national debt and development for their respective populations, or regression in the developed world.&nbsp; I moved to the developing world 30 years ago and still live in it. It is far easier to make a good living where growth occurs and there is still a lack of a certain type of educated work force.&nbsp; </p><p><br /></p><p>Interesting times now with the US self dependent on oil and gas.&nbsp; So the US and UK subsidize oil that goes to China and the rest of the developing world to create low cost consumer goods?&nbsp; That&#039;s a race to the bottom that can only end one way which is not sustainable.&nbsp; In the short term, the developed world benefits from low cost consumer goods until the developing economies develop, or become industrialized nations. Then the cheap labor is gone and then what?&nbsp; Push it on to Africa for another 40 years?&nbsp; Maybe![/QUOTE]</p><p><br /></p>

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